06/14/2021
https://www.congress.gov...
"I think Dr. Admati has something she would like to add to this."
"I think that is the basic mentality of Dodd-Frank."
"So if, in fact, the Government comes along and bails out institutions, then there is obviously some level of expectation that the Government will do this again in the future."
"I wonder if a better approach is simply to make sure that the taxpayer is not an involuntary shareholder in the institution in the first place."